Caterpillar Stock Outperforms as Earnings Growth Expected
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Caterpillar (CAT) stock rose 0.3% while broader markets declined. CAT has outperformed over the past month.
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Caterpillar is expected to report increased EPS of $5.10 and revenue of $15.97 billion in upcoming earnings.
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Caterpillar has a Zacks Rank of #2 (Buy) based on positive estimate revisions, indicating analysts' confidence in earnings growth.
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Caterpillar trades at a premium valuation compared to industry averages based on Forward P/E and PEG ratios.
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The Manufacturing - Construction and Mining industry ranks in the top 25% of Zacks-covered sectors, suggesting strong performance potential for CAT.